Cryptocurrency prices on June 14: Bitcoin falls below $67,000; Altcoins decline 3%
As of 11:58 am IST, Bitcoin was trading 0.74% lower at $66,955.
«Bitcoin dropped to $66,000 as investors and traders reacted to a hawkish interest rate outlook. The U.S. central bank kept rates unchanged on Wednesday and forecasted just one rate cut this year, contributing to Bitcoin's decline,» said Edul Patel, CEO of Mudrex.
Meanwhile, the second largest cryptocurrency by value, Ethereum surged 0.4% to $3,514 after SEC Chair Gary Gensler stated that Ether ETFs should be fully approved by September 2024. According to CoinSwitch Markets Desk, the final registration requirements for ETFs are progressing smoothly at the staff level, suggesting imminent listing of new ETFs, allowing investors to easily trade funds that hold actual Ether.
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On the other hand, various other crypto tokens, including Solana, XRP, Dogecoin, Cardano, Shiba Inu, Avalanche, Polkadot, Chainlink, and Polygon, faced a decline of 3%.
The volume of all stablecoins is now
